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14th April 1994, Page 19
14th April 1994
Page 19
Page 19, 14th April 1994 — Finance check required
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Which of the following most accurately describes the problem?

• A bid for a new

a), licence by David

international mer director of the failed Rhymney Transport, has been adjourned because South Wales Licensing Authority John Mervyn Pugh is not satisfied with Challoner's financial standing.

Challoner, trading as Challoner International Transport, of Rhymney, had applied for a licence authorising the operation of three trucks and three trailers.

For Challoner, Paul Carless said that he had been associated with the haulage business all his working life, and wanted to get back on a firm footing.

However, after hearing financial evidence in private. Pugh indicated that he was not satisfied about Challoner's financial standing. Adjourning the hearing, Pugh said that he wanted Challoner's accountant to be present on the next occasion. Before he could grant a licence, he wanted to be satisfied about finance.


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